FORM 1065 PARTNERSHIP TAX RETURN PREPARATION
Your Next Step: Provide Your Partnership Documents
Your intake is complete. Now provide the partnership tax, financial and supporting documents needed to prepare your Form 1065 and Schedules K-1 through our designated secure client portal.
Provide Your Partnership Tax Documents
Provide the documents that apply, including:
- Prior-year Form 1065
- Prior-year Schedules K-1
- Entity formation or ownership documents when relevant
- Forms 1099 received by the partnership
- Federal or state tax-payment records
- State tax documents
- IRS or state correspondence relevant to the return
- Other tax documents applicable to the partnership
Provide Your Business Financial Records
Provide the applicable year-end records, including:
- Profit and loss statement
- Balance sheet
- Business income records
- Business expense records
- Year-end bank information needed to support the books
- Accounts receivable information, when applicable
- Accounts payable information, when applicable
- Inventory information, when applicable
- Business loan and debt information
- Asset and depreciation records
- Records of assets purchased or sold during the year
Provide the Partnership Activity Records
Provide applicable records showing:
- Partner/member ownership percentages
- Partner contributions
- Partner distributions
- Guaranteed payments
- Partner loans to the partnership
- Partnership loans to partners
- Ownership changes during the year
- Capital-account information
- Other information affecting partner Schedules K-1
Sensitive partner-identifying information should only be provided through the secure client portal.
Are Your Business Records Ready?
The $750 starting fee assumes the partnership's financial records are sufficiently organized to prepare the tax return.
Bookkeeping, cleanup, financial-record reconstruction, partner basis reconstruction or extensive capital-account reconstruction is not automatically included.
If additional work is required, we'll identify the additional scope and applicable fee before proceeding with that additional work.
Additional Complexity May Change the Preparation Fee
The $750 starting price applies to a standard current-year Form 1065 with up to two partners or members and up to two Schedules K-1.
Additional partners, complex allocations, multiple states, ownership changes, basis or capital-account reconstruction, incomplete records, foreign activity or other complexity may require additional pricing.
Any additional scope and fee will be identified before that additional work proceeds.
Important: Your Tax Deadlines Still Apply
Purchasing tax preparation services, completing the intake or providing documents does not extend or suspend federal or state filing, payment or other tax deadlines.
If the partnership has an approaching deadline or has received a tax notice, notify Tax Control Group™ promptly.
Protect Your Sensitive Information
Your tax return and supporting documents may contain Social Security numbers, financial information and other sensitive taxpayer data.
Provide these documents only through the designated secure client portal. Do not send them through ordinary email.
What Happens After You Provide Your Documents?
1 — Document Review
We'll review the partnership information and records provided and determine whether additional information is needed.
2 — RETURN PREPARATION
Once the necessary information and applicable scope are confirmed, the Form 1065 and applicable Schedules K-1 move into preparation.
3 — REVIEW, DOCUSIGN & FILING
When preparation is complete, the return will be reviewed and the appropriate authorized person will receive a DocuSign for required signatures before filing.
What If We Need Something Else?
If additional information or documentation is needed while preparing your return, Tax Control Group™ will contact you with the specific items required.
Use the client portal whenever requested information contains sensitive taxpayer or financial information.
Ready to Provide Your Documents?
Use the designated secure client portal to provide your originally filed return and supporting documentation.
